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Free Access(H18) Bullish Trend Strengthens *RES....>
BOBL TECHS: (H18) Bullish Trend Strengthens
*RES 4: 133.410 High May 29 (continuation chart)
*RES 3: 133.000 Resistance (continuation chart)
*RES 2: 132.610 High Aug 17 (continuation chart)
*RES 1: 132.320 High Sep 3 (continuation chart)
*PREVIOUS CLOSE: 132.500
*SUP 1: 132.010 Low Dec 3
*SUP 2: 131.800 Low Nov 26
*SUP 3: 131.318 55-dma
*SUP 4: 131.200 Low Nov 11
Bobl closed strong yesterday keeping the short and medium-term focus on the
upside. The next upside target comes in at the August highs on the continuation
chart at 132.610, above which would open the 133 level. On the downside bears
need to see a break below 132.010 to gain some breathing room ahead of a
challenge of the Nov 26 low at 131.800. Below here would suggest a bearish
reversal opening the 55-dma.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.